Historic 70 year-old Cafe for Sale just Outside of Austin - 6 Figure Earnings
Bring your offers on this cafe for sale. Truly historic listing! This restaurant, serving the epitome of home-cooked comfort food, has been a landmark in the community for going on 70 years. It is hard to be more stable than that! Grossing just shy of a million dollars in 2018, this will qualify for an SBA loan with the amazingly small amount of only $43,500 down!
This well-run cafe for sale has a long-time manager and in 2018 generated $122,000 in Seller's Discretionary Earnings (SDE) to the current absentee owner. An owner / operator (which is how the market-setting SBA values restaurants) would have SDE of a very comfortable $180,000. Own and run this restaurant and you now operate a landmark location and can support a family in the upper-middle class.
This cafe for sale offered by We Sell Restaurants is highly visible. It is hard to overstate how visible it is, located right off the major thoroughfare through the area and passed by thousands of cars daily. It is a landmark in the community and has been a meeting place for good food and camaraderie literally for generations. It has served farmers to Presidents!
Customers would not come back time and again, though, were it not for the food. This is homestyle, Southern cooking at it best at this cafe for sale. Every dish is cooked from scratch using fresh, real ingredients, and it shows in every bite. The town itself is being swallowed by Austin, and the development here is literally some of the fastest in the nation. As the community grows, so too does the revenue.
This cafe for sale can be bought by either an absentee owner or as an owner / operator. This is one of the rare restaurants that already has an absentee owner (the current owner puts in maybe 2 hours a week). A great, well-paid manager ($54,000 plus $4,000 in payroll taxes) is in place and has no intention of leaving. This means that a similarly absentee owner would garner Seller’s Discretionary Earnings of $122,000.
Second, this cafe for sale, with the right buyer, would most likely qualify for SBA lending. The SBA does loans for owner / operators, meaning you would take the place of the current manager and thereby reap that additional $58,000 in pre-tax income, for SDE of $180,000.
For qualified buyers with experience, the current owner might be able to offer some owner financing. If the SBA covered 75%, a standard amount, and the current owner covered 10%, this historic restaurant could be bought for only 15% down, or $43,500. Meaning for less than $50,000 cash, you could be the owner / operator of a landmark, high-cash-flow cafe for sale.
This cafe for sale is a premier listing. The food is great, the restaurant is historic, the cash flow is fantastic, and the community is growing tremendously. This is your chance -- the next one might not come around for 70 years!
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- Listing#: 6831
- Price: $290000
- Location: Austin
- Historic and Profitable Cafe for sale!
- Absentee owner takes home $122,000.
- Operating under the same name for 72 years!
- Located on a major highway with easy access.
- Turn-key and priced to move!
- Will qualify for an SBA loan
- Cafe for Sale